Detail Computing Yields on Enhanced CDs   Oleh:  Brooks, Robert Jenis: Article from Bulletin/Magazine Dalam koleksi: FINANCIAL SERVICES REVIEW vol. 5 no. 1 (1996), page 31-42. Topik: computing; computing yields; CD Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: FF18 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel In this paper, we seek to provide a framework for comparing certificates of deposit (CD) products that vary in their features. There are now fixed - rate CDs with no early withdrawal penalties as well as floating - rate CDs with guaranteed floors. With the model developed here, we examine the required change in the effective annual rate required in basis points to make CD products with embedded derivatives (called enhanced CDs) comparable with the standard CD products (ones with large early withdrawal penalties). This framework is beneficial for both retail customers seeking to make rational comparisons and bank executives seeking to provide optimal liability products and seeking to manage the resulting interest rate risk. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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